Question
A company wants to issue new 10-year, $1,000 face value bonds at par. The company currently has 6.67 percent coupon bonds on the market that
A company wants to issue new 10-year, $1,000 face value bonds at par. The company currently has 6.67 percent coupon bonds on the market that sell for $983.20, make semiannual interest payments, and mature in 10 years. What coupon rate should the company set on its new bonds?
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Cases In Healthcare Finance
Authors: Louis C. Gapenski, George H. Pink
4th Edition
1567933424, 978-1567933420
